"Typically, home price per square foot in Wichita tend to fall in November. And the most recent data shows that the price per square foot decreased by 0.6% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Air Capital of the World are smaller the national market."
"In November, there were 1,061 homes for sale in Wichita, which was practically unchanged from the month before and 15.6% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. Homes in Wichita take an average of 50 days to sell, according to November figures. This is five days more than the previous month and the same as the same month last year."
Median listing price in Wichita was $275,000 in November, unchanged from the previous month. The number of listings was practically unchanged month-over-month and totaled 1,061 homes for sale, up 15.6% year-over-year. Price per square foot in Wichita decreased 0.6% month-over-month, while the national price per square foot decreased 1.2%. Active inventory nationwide fell 2.5% to 1,072,266. Average time on market in Wichita was 50 days, five days longer than the previous month and equal to the same month last year; national average was 64 days.
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